tv The Journal Editorial Report FOX News December 10, 2011 11:00am-11:30am PST
>> this week on the journal editorial report. with over a month to go to iowa, newt gingrich and mitt romney battle for front runner status. is the race set at the top or can another candidate break through. and president obama channels his inner teddy roosevelt and the campaign 2012 strategy, will it work? and a showtown looms over the payroll tax cut. can the republicans blink? >> welcome to the journal, editorial report, i'm paul gigot. with less than a month to the iowa caucuses, newt gingrich
and r mitt romney battle for top. >> and we don't want government mandated health care and yet, newt gingrich supported it and mitt romney put it into law in massachusetts and worse, barack obama forced it on the entire nation. and rick perry, he'll repeal it starting day one. >> everything that gingrich railed against when he was in the house, he went the other way he when he got paid to go the or way. >> he's demonstrating himself to be washington insider. >> it's about serial hipocracy. >> so will voters give other g.o.p. candidates a second look and should they? let's ask wall street journal editor dan henninger, dorothy
rabinowicz. and the solid third in iowa, could he break well in that state? >> i don't think so and i don't think he's doing that well in that state and the reason is, is i think that people may perceive a certain odiousness about his foreign policy views and isolationists and his is particularly repellent sort and we won't go into that now and given aid and comfort to the people-- and i think that one is-- >> that's a cap on his potential support. >> i think that if you add together the isolationist, exist in the republican party and protest votes against those running, ron paul gets 10%, but i think that paul topped out at 10%. >> rick perry, good strong jobs record. tried to make that a thetheme, hasn't really caught on, why not? >> the theme is good. obviously, the debate performance is weak and
dramatic pause, forgetting which cabinets he want today close, even though he ought to close all of them once he can remember them, but i think he needs to stick it that record because that meets the moment and it is an amazing record from texas and competitive tax plan, optional flat tax of 20%, and slash the corporate rates and i think that texas economic story, if he can tell it, is a good one. >> and michele bachmann, dorothy, she was once the star. she was a shooting star at least for a time and now back down and can't seem to get back into the front tier. >> yes, that's because of her overexposure and people as they see her more and more keep saying can this be the president of the united states and they say no. one reason is a continuous harping, i was born in iowa. there's a sense of a lack of breadth, a lack of depth, a lack of education, despite her hard comments on issues. and there is a kind of mystique, there is nothing in there that says president. >> and interesting, you know, you've got rick santorum,
also, who is-- has a respectable record, two term senator in he pennsylvania. very knowledgeable ab foreign policy and focusing attention on the conservative in iowa and tryg to press the values issues and hasn't gone anyone there. >> yeah, and i think, rick santorum seems strategicically disorganizationed, what is this campaign about primarily? it's about the state in the american economy. if you're going to run for president now, you have to be able to talk in some depth about the economy and he has never really done that in these debates, choosing, instead. s to run on social issues or foreign policy issues that may not exactly germane to what we're arguing about. >> james, our colleague kim strossle made the case at that even social conservatives in iowa for them like everyone else in america, the economy is the major issue and keep pushing that theme you're not going to get the traction you
might have in previous years. >> they know the candidates in the republican field are better than the president in social issues. getting back to santorum, one of those guys better than in the debates and he's talked about the manufacturing tax cut and people who don't work in manufacturing might say well, what good is that? and it actually cuts taxes for everybody and for all businesses. so he's the guy he's got a background of pressing economic freedom in the house and senator. >> if you talk about partial birth aportion as almost exclusively in iowa, you're showing a tone deafness. >> it's what we're saying is true, why isn't john huntsman doing better? because john huntsman probably has the strongest economic plan of all the candidates up there on taxes and the rest of it. >> too big to fail. >> too big to fail. >> excellent on toes things. >> he's the one account who
endorsed paul ryan's medicare reform totally. >> he's at the bottom of the pole. >> explanations, well, again, he hasn't set the world on fire during debates and at times seems a little bit after downer, the way that he describes america's problems, but he's also someone, you mentioned some of his economic program. gets regulation and talked seriously about the need to cut back. >> and well, one other point, dorothy, john weaver, his campaign manager came right out of the box and started running against republicans and some saying that republicans are anti-science, for example, know nothing and that was the weaver strategy with john mccain, and maverick. >> that's the obama strategy. >> that's right, you can't win a republican nomination by running against republicans, particularly this year. >> and you can't sound as they you belong to the obama administration, there's a strange element of sa--
and the fact that he had, these things, how we have to worry about our image in the world and worry about all sorts of secure measures, have we got listened to four years how we have to be good in the world? >> just think the good news is when mr. huntsman has talked about environmental regulation, global warming. the good news i think he's insincere, when he does, he said basically i listened to my father who started a chemical company to learn about economic policy and so, i think voters should be reassured that he's actually got a more pro business outlook. >> might be better than he sounds? >> okay. when we come back, it's the thing that liberals have been waiting for. president obama lays out the 2012 election strategy and it's a long, long way from hope and change. will it work?
that's logistics. ♪ ♪ saving time, cutting stress, when you use ups that's logistics. ♪ >> there are some who seem to be suffering from a kind of collective amnesia. after all that's happened, after the worst economic crisis and worst crisis since the great depression, he they want to return to the same president bushings that got us into this mess. in fact, they want to go back to the same policies that stacked the deck against the middle class americans for way
too many years and their philosophy is simple. we're better off when everybody is left to fend for themselves and play by their own rules. >> that was president obama delivering an address on the economy in kansas this week. the white house said it wasn't a campaign speech, but sounded like the blueprint for the 2012 reelection bid. wall street journal columnist kim strassel joins us with more. kim, is this the president's campaign strategy and what should we make about it? >> yeah, paul, the battle lines are drawn. here is the problem if you're president obama. you can't run on the economy because it's in the tank. you can't necessarily run on accomplishments, if anything they've made things worse, you ride to the bad times and run a pure class warfare argument and tap into american resentment and bash on wealthy americans and organizations and the government the size that obama prefers can make sure everyone gets their quote, fair share.
and you fear monger about republicans and say they will take us back to the sweatshop days of yore and rally your lib cal base and also send an argument, make an argument to the middle class. >> so, dorothy, a long, long way from hope and change what. do you make of the strategy. >> i think he can rally the liberal base, but enrage everyone else, and may have noticed that obama has been in office for three years now and everything he says has a tinge, why are we in the mess we're in now? all of the things he's talking about, there's not a single what-- how can he tell us how we're going to get the students to learn to do all of the technological things and the list of advancements is wrong and all this have is a pure rhetoric on which he came to power. >> you know, but he's also making a moral argument here for redistributing income,
saying government needs to be the engine of spreading the wealth. that argument isn't very frequently made in american history. it's worked in the 30's i guess, but i haven't seen it work too much more in other decades. >> well, that speech in kansas, was an exercise in extraordinary populous demagoguery, but also an exercise in presidential demagoguery. let's not forget that barack obama is the president of the united states. that carries some inherent power and he when the president does this, it puts the opposition back on its heels, they're going to have to address this inequality issue. >> the republicans. >> the republicans are going to have to. >> how would they do that. >> i would think the way they would have to do that, as were you suggesting, obama and liberals in general see the society, the wealthiest the same people and always here
and the masses are in the middle always struggling and going nowhere. when in fact, america has been a dynamic he society with people moving up and down. i think that republicans have to describe how and why america is much more dynamic than obama is describing it. >> but he could win, seems to me, kim, if he gets the republicans on the run here and making a comparable argument defends capitalism and defends the ability keep what you earn and defends the classic american opportunity. if you make a practical argument that says well, his jobs, he hasn't created enough jobs, i can say run the risk of losing this election. >> you know, that's been one of the republican's problems. for instance, one argument they like to make, it's a good one, is for instance, well, a lot of the wealthy americans that he likes to bash and are in fact, small businesses, i think that resonates with people. and they've got to go beyond
it and you've got people eric cantor, a majority leader in the house starting to do that and making the case, we can agree with the president about the situation, the fact that there's crony capitalism and some inequality and what we disagree with, the means by which you fix it and make the republicans a level playing field and everyone has a fair shot and the president would take everyone's money and redistribute it and force equalism in this country. what do you think, dorothy. >> obama with the same position he came to hour with, m america was in a desperate state and we were near the abyss and his coming helped to save us. and three years lawyer the economic status and improverishment. you would think that america were a third world country about to go down when he was running for office. he has not changed his theme. he's just enlarged it with the
assault on wall street, with the assault on the rich. >> but the rich are not popular and wall street is not popular. why isn't this going to work? >> it's not going to work because in the end if you think that america is a dynamic society. americans are also a sensible people now and they recognize the country they live in, not the one he's describing. and i think that you will, it will be wrong to underestimate. >> you cannot ignore the rehe alt of unemployment and either he has produced jobs or he hehe-- or he hasn't and he's not to take responsibility for that. >> the president is set to go on christmas vacation and the showdown looms over the payroll tax cut. who will blink? our panel weighs in after the break. was invincible. i'm on an aspirin regimen now because i never want to feel that helplessness again. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. talk to your doctor, and take care of what you have to take care of.
♪ >> among the economic priorities pro he motored by president obama in his speech was the payroll tax cut, set to expire at the end of the month. a ballot that could keep congress in session passed the planned holiday recess at the end of the coming week. so, james, president obama saying, extend the tax cut that was temporary for one year and make it into 2012. aren't republicans for tax cuts, why is this proving to be-- >> well, he they certainly are. that's why he made it tougher on them than he usually does. usually he says spend more and make the government bigger and let's cut taxes. he says let's do a temporary tax cut of this payroll tax and they realize it's not really a growth creator, but they aren't sure how to oppose it. so there was a cheering in the house this week when they said, okay, you want growth you can have the payroll tax cut and you've got to give us
the keystone pipeline. >> paul: the pipeline from canada's gulf sands to the coast. and obama has delayed this decision for a year. so, this is the trade off they're going for. kim, why are so many republicans having a problem with the extending this payle role tax cut? >> there's a lot of things. there's lesson here by the way for republicans, which is, you want to know why they won the house in 2010? it was because mitch mcconnell, the senate leader, the republicans and john boehner, thought they were united on a major issue and this is what happened they sort of get a run around when they are divided. they are divided whether or not this tax cut has been effective and helps the economy and divided how big it should be, divided whether or not to put political things in, keystone in and the president to swallow some of this and so they're scrambling around and allowed the white house to paint them as though
they're at the tax cuts. >> some democrats want to pay for it by raising tax ins 2013. you get a temporary tax cut for 2012 and turn around and when that expires, you compound it with another tax increase. >> they want 3.25% charge on rich people to pay for the 3% drop in social security. now. >> that's temporary. >> temporary, but, what i would like to align myself with here is with the real liberals in the senate, like tom harden and bernie sanders of vermont. >> who had been pointing out since the last time we winter through this, that what they're doing is underlining support for social security. because, it is exposing the fact that social security is in fact something that comes out of the general fund that your social security taxes, they're not over there in a special place. >> just to tell our readers, the temporary tax this year was about $150 billion. >> yeah, that was 15% over the overall deficit and the obama plan is well over 200 billion.
>> i think that the republicans should pick up on the argument and the argument that the payroll tax doesn't work. >> obama is involved in lou goldberg economics here and you do a tax cut from the social security and a into the system. >> and the reason that dan's folks on the left have been-- they've been making the argument that entitlement programs don't make any deficits and washington's programs, they can say these programs are in great shape. when you start not cutting the payroll tax, it talkes away the argument that you don't need informed entitlements. >> kim, one republican in the senate, susan collins of maine said she would endorse the sr tax on millionaires, and concerns that other republicans might go with her. how is mcconnell, is the
minority leader, republican leader, managed to have his caucus divided and reed keeps his together? >> i mean, this is pure victory for harry read and it's a democratic strategy and to hold the vote again and again and against to force republicans to say, we renews to tax millionaires so democrats could run on this next year and include the pressure of working and you have some of the republicans, deciding that they're not going to go on the record against these sort of-- these tax hikes, so, this has been, this is going to be michig mitch mcconnelmcconnell's tact unified argument why it couldn't work economically. >> just tell republicans extend the tax cut-- >> not if it comes with a tax increase. >> leave the tax increase out. extend the payroll tax if it comes to that?
>> generally i'm for these whenever you can. >> being the government. >> you don't want the tax hikes to come along with it. >> paul: thanks everybody, we have to take one more break. when we come back, our hits and misses of the week. almost tastes like one of jack's als. fiber one. h, forgot jack cereal. [ jack ] what's for breakfast? um... try the number one! [ jack ] yeah, ts is pretty good. [ male announcer ]alf a day's worth of fiber. fiber one. [ jack ] yeah, ts is pretty good. i was in south korea. i was in germany. i was in iraq. i think the hardest transition as you get further into the military is... you know it's going to end one day. and that's why i'm doing the job i'm doing now at chase, helping them hire veterans through the 100,000 jobs mission. because chase understands if you want an organization that's going to grow,
that has a basis in ethics, and get the engine running again in america... why wouldn't you want to hire the veteran? chase is proud to help 100,000 veterans find jobs at home. but thieves can steal your identity. turning your life upside down in a matter of seconds. hi. hi. you know i can save you 15% today if you open up a charge card account with us. you just read my mind. [ male announcer ] just one little piece of information and they can open bogus accounts, stealing your credit, your money, and ruining your reputation. that's why you need lifelock. lifelock is the leader in identity theft protection. relentlessly protecting your personal information to help stop the crooks in their tracks before your identity is attacked. protecting your social security number, your bank accounts, even the equity in your home. i didn't know how serious identity theft was until i lost my credit and eventually i lost my home. [ male announcer ] credit monitoring alone is not enough to protect your identity, and only tells you after the fact,
sometimes as much as 60 days later. with lifelock, as soon as we spot a threat to your identity within our network, our advanced lifelock id alert system directly notifies you, protecting your identity before you become a victim. identity theft was a huge, huge problem for me. and it's gone away because of lifelock. [ male announcer ] while no one can stop all identity theft, if the criminals do manage to steal your information, lifelock is there to help fix it with our $1 million service guarantee. that's right. a $1 million service guarantee. don't wait until you become the next victim. call now to try lifelock risk free for 2 full months. that's right, 60 days risk free. use promo code: norisk. if you're not completely satisfied, notify lifelock and you won't pay a cent. order now and also get this document shredder to keep your personal documents out of the wrong hands. a $29 value, free! get the protection you need right now. call or go to lifelock.com to try lifelock risk free for a full 60 days.
use promo code: norisk. plus get this document shredder, free! but only if you act right now. call now! lifelock service guarantee cannot be offered to residents of new york. >> time now for hits and misses of the week. dan, first you. >> paul, forget that payroll tax cut. a miss to the democrats. any economic crisis their default is raise taxes. governor andrew cuomo reneged on his promise not to and he's going to raise taxes on the wealthy. governor jerry brown of california is just proposing a huge income tax increase up to over 10% and then of course harry reed's famous surge charge on millionaires. this is the democratic policy and an economic crisis. it's a triple miss for them. >> all right, james. >> it's a miss to gary gensler
and oversaw mf global which went bankrupt. should be be allowed to go bankrupt, but the problem is it's missing hundreds of millions of client's money and mr. gensler has been trying to remake the tax system and should have been making sure that mf global was not stealing customers' money. >> paul: give me more power because i couldn't use the power i had before. >> exactly, an outrage. >> paul: kim. >> a giant hit to the pearl harbor survivors association in this week celebrated the 70th and last day of remembrance for infamy, when the group started 28,000 members, but with so many having died or over the age of 90 now down to about 10% of their number and calling it a day. this is a moment for the younger generation to remember that we're going to have to start doing the remembering and honoring for these people. >> paul: all right. kim, thank you very much. if you have your own hit or